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It is the end of 2 0 2 4 . You ( foolishly ) played the lottery and won the following cash flows, to be
It is the end of You foolishly played the lottery and won the following cash flows, to be paid at the end of each year:
tableYearCash flow,
The appropriate interest rate is
Part
Attempt for pts
What is the sum of present values?
Part
Attempt for pts
Now assume that the interest rate is What is the present value of all cash flows?
Part
Attempt for pts
Now assume that the interest rate is What is the present value of all cash flows?
Please explain how to complete with a financial calculator also.
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